Member Info for mulledwine

Very nice! Exillon discovers new oil Date: Thursday 06 Oct 2011 LONDON (ShareCast) - Eastern Europe-focused oil producer Exillon Energy, has discovered oil at the south-eastern part of the East EWS I field in Russia. The EWS I - 43 well was drilled in 21 days and flowed water-free oil naturally to the surface with a flow rate of 595 barrels of oil per day on an 8 mm choke. The well encountered the Jurassic P reservoir at 1,826 meters, confirming 15.5 metres of effective net oil pay. The well was drilled directionally 0.7 km to the north from the existing well pad. On completion of testing the well will be connected up to existing production facilities.

Societe Generale initiates buy on Imperial Tobacco, target price 2400p

and more coverage Victrex in line with expectations Date: Thursday 06 Oct 2011 LONDON (ShareCast) - Victrex, the plastics and polymers group, has seen sales volumes grow 13% to 2860 tonnes in the year to the end of September. Revenues for the bio-material business, Invibio, grew 12% to £49.7m. Victrex is a major supplier to the medical industry where its polymers are used as alternatives to metals and glass because they are more durable during the process of sterilization. In its trading statement the firm says it is in line to meet market expectations but “remains vigilant of the uncertain macroeconomic indicators and the potential impact on our customers and markets.” The share price rose very slightly on the announcement, up 0.76% in early trading

Brewin Dolphin warns on tough market Date: Thursday 06 Oct 2011 LONDON (ShareCast) - Brewin Dolphin, the independent investment manager has seen its advisory funds under management fall by 8.7% in its final quarter. Total funds under management are now at £24bn, a rise of 3.4% on the same period last year, including an 11.4% rise in discretionary funds. There has been a net inflow to Brewin of £100m while acquired funds have contributed £800m. Brewin says it aims to complete the previously announced disposal of its Corporate Advisory and Broking Division by the end of 2011. The firm admits that the “fourth quarter has seen difficult market conditions.” Brewin's management statement was greeted positively by investors, with its shares up 2.46% in early trading

http://www.investegate.co.uk/Article.aspx?id=201110060700146534P

Numis downgrades Mothercare from buy to hold, target price unchanged at 200p.

Societe Generale initiates buy on British American Tobacco, target price 3100p.

Seymour Pierce cuts target from 70p to 60p and maintains reduce recommendation.

Halfords: Investec cuts target from 400p to 355p, buy rating kept.

However once they have their new CEO watch this rebound.

Trading Update DATONG PLC (DTE.L), a leading provider of covert intelligence gathering solutions, today announces the following trading update for the financial year ended 30 September 2011. The Group has continued to perform in line with the trading update of 3 August 2011. The Group's Own Products business has performed well during the year, particularly in the core USA market and has also delivered a strong performance in certain Rest of World markets, which together are expected to result in a revenue growth for Own Products of around 23% compared to 2010. However, as noted in the August 2011 trading update, the Group's Third Party Product business is expected to show a significant reduction on last year across all territories, as a number of customers were fulfilled by projects last year and consequently have not placed orders this year. As a result of these factors, management expects full year revenues to be circa £11.7 million compared to £14.1 million last year and the Group to report a small loss for the year. As at 30 September 2011, the Group had net cash of approximately £1.3 million. The Group is pleased to report that good progress is being made on the appointment of a new Chief Executive Officer and a further announcement is expected later this month. With DATONG's positioning in the international intelligence gathering market and continuing investments in new product development and routes to market, the Board is confident of future profitable growth.

and obviously even less this one.

http://www.investegate.co.uk/Article.aspx?id=201110060700216602P

Suisse downgrades International Consolidated Airlines from outperform to neutral, target price cut from 225p to 164p.

Societe Generale initiates sell on SABMiller, target 1,880p.

Arden Partners downgrades Mothercare from neutral to reduce, target cut from 335p to 160p

Johnny Plumbe, CEO of ACM, commented: "the Board is satisfied with the performance of the core tanker operations under current market conditions and is positive about the opportunity to rebuild the sale & purchase team on a global basis in parallel with ACM's other operating divisions. We are confident that we can grow our market share."

ACM Shipping Group plc (AIM:ACMG), a leading international shipbroker, gives the following update ahead of its Interim Results for the six months ended 30 September 2011, which are expected to be announced on 29 November 2011. The core tanker business remains on track, which is particularly positive given the global economic situation. As a result, the Group continues to generate strong cash flow from its operations and maintains a strong balance sheet. However, the Board anticipates that the results for the current financial year ending 31 March 2012 will be significantly below expectations, due in part to a number of personnel departures within the sale & purchase team which will lead to a material reduction in trading for the full year for this part of the business. As a result, the Group will be making a one-off write-down of goodwill capitalised in relation to the acquisition of ACM Shipping Services Limited in 2007 (a non-cash item). However ACM's plans to restructure and recruit in this division are already underway and this, together with its global network, will enable ACM to maintain itself as a significant sale & purchase broker. In addition, whilst the Group's dry cargo division continues to make good progress, growth has been slower than anticipated due to the effects of the global economic situation. The Board is optimistic that this progress will continue although targets will take longer to attain than originally forecasted. The Board believes that the medium and longer-term prospects for ACM remain strong and that the Group has the right structure in place to drive future growth internationally. The Board expects to maintain ACM's progressive dividend policy.

http://www.investegate.co.uk/Article.aspx?id=201110060700186568P

http://www.investegate.co.uk/Article.aspx?id=201110060700236559P